Construction
Appointment Notices
Phil Verster Steps Down As CEO Of Metrolinx, New CEO Told Eglinton LRT Is The "Top Priority"
After seven years, Phil Verster has resigned his role as CEO of Metrolinx and will be replaced by Infrastructure Ontario CEO Michael Lindsay.
Dec 02, 2024
Construction
Purpose-Built Rental Starts “Nearly Quadrupled” In A Decade (And More Are On The Way)
Rental construction is having a “renaissance” in Canada, and we’re seeing that realized in starts, completions, and the uptake of multi-unit insurance products from CMHC.
Construction
New Home Construction In Trouble As Prices See Biggest Drop Since 2009
With new home sales and prices on the decline and the cost to build continually rising, builders are feeling the pinch, putting future housing supply at stake.
Construction
Inside The Financing Challenges Developers Are Facing With Rental Projects
According to a survey conducted by the CMHC this year, 85% of rental developers said they're having difficulties financing their projects.
Tudor-Style North Saanich Estate In BC Hits Market For $2.4M
The beautiful home sits at 1345 Readings Drive in North Saanich, located on Vancouver Island in British Columbia.
Development Projects
Historic Industrial Building Redevelopment Proposed Near Bloor GO
The 27-, 24-, and 21-storey residential development from First Capital and Firm Capital would deliver 919 new dwelling units within steps of Bloor GO.
Development Projects
Kilmer, Tricon To Partner On Toronto Coach Terminal Revamp
Kilmer Group and Tricon Residential (Kilmer-Tricon) have been announced by the City and CreateTO as the preferred proponents for the redevelopment of the terminal into a mixed-income, mixed-use development.
Policy
Vaughan "Dramatically" Drops Development Charge Rates
In particular, the development charge rate for low-rise residential has been brought down by over $44,000, the City of Vaughan said.
Development Projects
Ambitious 75-Acre Downsview West District To Deliver 8,800 New Homes
The massive project would include 20% affordable units, "enabling one of the largest yields of new affordable homes in a single development application," as well as one school, three daycares, 9.4 acres of parks, and much, much more.
Construction
Ontario Homebuilding Lagged Behind Other Provinces For The Last 6 Years, Study Finds
Ontario has consistently ranked in the bottom half of provinces in terms of homebuilding per capita over the last six years — the data for 2024 being an indicator that things are only getting worse.
Real Estate News
Housing Starts Rise 8% In October, Still Not On Track To Restore Affordability
According to CMHC, housing starts across Canada shifted up from 223,391 units in September to 240,761 units this October, though the six-month trend remains "flat."
Development Projects
Ajax Townhome Development Proposal Receives Approvals In Just 5 Weeks
"I just cant believe it, and a lot of my colleagues cant believe it either. We’ll be closing in 2026. If we hadn’t secured this approval, it would have been 2028," says Craig Marshall, Founder and President of Marshall Homes.
Construction
Inside The Metro Vancouver DCCs And The Potential Housing Price Increases
Housing prices, whether it be sale prices or rents, could increase anywhere from 1% to 3% with the new Metro Vancouver DCC rates — if they get built at all.
Policy
Recent Immigration Cuts Could Lower Rents, Shrink Housing Supply Gap
Assistant Chief Economist at RBC Robert Hogue is calling the revised immigration targets "one of the more consequential policy reversals in recent memory."
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